MIKADO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
MIKADO
NACE 01.450, Raising of sheep and goats
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€8,288
2024 · -€10,915+€2,627
Equity
€495,169
2024 · €503,457-€8,288
Cash
€9,643
2024 · €6,213+€3,431
Balance sheet total
€846,429
2024 · €854,690-€8,261
Largest movements
Assets
- Tangible fixed assets -€19,236
down €19,236 (-2.4%), from €788,743 to €769,506
of which Land and buildings: -€15,902
Equity and liabilities
- Other debts +€15,857
up €15,857 (+183.3%), from €8,651 to €24,509
- Debts after one year -€13,925
down €13,925 (-5.7%), from €245,348 to €231,423
Income statement
- Gross operating margin +€1,682
up €1,682 (+4.9%), from €34,063 to €35,745
- Financial charges -€1,037
down €1,037 (-19.5%), from €5,307 to €4,269
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€10,915
Gross operating margin
+€1,682
Depreciation
+€109
Other operating charges
-€201
Financial income
+€0
Financial charges
+€1,037
Result 2025
-€8,288
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€20,877
Investment
-€3,340
Financing
-€14,107
Cash 2024
€6,213
From operations (derived)
+€20,877
Net result for the year
-€8,288
Depreciation
+€22,576
Receivables within one year
-€7,858
Deferred charges and accrued income
+€313
Provisions
-€691
Trade debts
-€3,312
Tax, wage and social debts
+€409
Advances received
+€1,841
Other debts
+€15,857
Accrued charges and deferred income
+€30
Investment (derived)
-€3,340
Investment in fixed assets (net)
-€3,340
Financing
-€14,107
Debts after one year
-€13,925
Current portion of long-term debt
-€182
Cash 2025
€9,643
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €854,690 | €846,429 | -€8,261 | -1.0% |
| Fixed assets | 21/28 | €839,322 | €820,085 | -€19,236 | -2.3% |
| Tangible fixed assets | 22/27 | €788,743 | €769,506 | -€19,236 | -2.4% |
| Land and buildings | 22 | €774,555 | €758,653 | -€15,902 | -2.1% |
| Plant, machinery and equipment | 23 | €14,188 | €10,854 | -€3,334 | -23.5% |
| Financial fixed assets | 28 | €50,579 | €50,579 | = | 0.0% |
| Current assets | 29/58 | €15,369 | €26,344 | +€10,975 | +71.4% |
| Amounts receivable within one year | 40/41 | €7,033 | €14,890 | +€7,858 | +111.7% |
| Trade receivables | 40 | €7,033 | €7,839 | +€807 | +11.5% |
| Other amounts receivable | 41 | - | €7,051 | +€7,051 | |
| Cash at bank and in hand | 54/58 | €6,213 | €9,643 | +€3,431 | +55.2% |
| Deferred charges and accrued income | 490/1 | €2,123 | €1,810 | -€313 | -14.7% |
| Total equity and liabilities | 10/49 | €854,690 | €846,429 | -€8,261 | -1.0% |
| Equity | 10/15 | €503,457 | €495,169 | -€8,288 | -1.6% |
| Contributions | 10/11 | €373,699 | €373,699 | = | 0.0% |
| Capital | 10 | €373,699 | €373,699 | = | 0.0% |
| Issued capital | 100 | €373,699 | €373,699 | = | 0.0% |
| Reserves | 13 | €269,575 | €263,808 | -€5,767 | -2.1% |
| Non-distributable reserves | 130/1 | €37,370 | €37,370 | = | 0.0% |
| Legal reserve | 130 | €37,370 | €37,370 | = | 0.0% |
| Tax-exempt reserves | 132 | €228,512 | €226,438 | -€2,074 | -0.9% |
| Distributable reserves | 133 | €3,693 | - | -€3,693 | |
| Profit (loss) carried forward | 14 | -€139,817 | -€142,338 | -€2,520 | -1.8% |
| Provisions and deferred taxes | 16 | €76,171 | €75,479 | -€691 | -0.9% |
| Deferred taxes | 168 | €76,171 | €75,479 | -€691 | -0.9% |
| Amounts payable | 17/49 | €275,063 | €275,781 | +€718 | +0.3% |
| Amounts payable after more than one year | 17 | €245,348 | €231,423 | -€13,925 | -5.7% |
| Financial debts | 170/4 | €245,348 | €231,423 | -€13,925 | -5.7% |
| Amounts payable within one year | 42/48 | €28,794 | €43,408 | +€14,613 | +50.8% |
| Current portion of amounts payable after more than one year | 42 | €14,107 | €13,925 | -€182 | -1.3% |
| Trade debts | 44 | €4,988 | €1,675 | -€3,312 | -66.4% |
| Suppliers | 440/4 | €4,988 | €1,675 | -€3,312 | -66.4% |
| Advances received on contracts in progress | 46 | - | €1,841 | +€1,841 | |
| Taxes, remuneration and social security | 45 | €1,049 | €1,458 | +€409 | +39.1% |
| Taxes | 450/3 | €1,049 | €1,458 | +€409 | +39.1% |
| Other amounts payable | 47/48 | €8,651 | €24,509 | +€15,857 | +183.3% |
| Accrued charges and deferred income | 492/3 | €920 | €949 | +€30 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,684 | €22,576 | -€109 | -0.5% |
| Other operating charges | 640/8 | €17,678 | €17,879 | +€201 | +1.1% |
| Gross operating margin | 9900 | €34,063 | €35,745 | +€1,682 | +4.9% |
| Operating profit (loss) | 9901 | -€6,300 | -€4,710 | +€1,590 | +25.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,307 | €4,269 | -€1,037 | -19.5% |
| Recurring financial charges | 65 | €5,307 | €4,269 | -€1,037 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,606 | -€8,979 | +€2,627 | +22.6% |
| Transfer from deferred taxes | 780 | €691 | €691 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€10,915 | -€8,288 | +€2,627 | +24.1% |
| Transfer from tax-exempt reserves | 789 | €2,074 | €2,074 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,841 | -€6,214 | +€2,627 | +29.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.